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  • ACWA Power commissions 700-MW solar park in Saudi Arabia

    The solar plant located in Ar Rass city, Qassim province, north of the capital Riyadh "is now online and has started power generation" after receiving the commercial operation certificate from the Saudi Power Procurement Company (SPPC), the developer said in a stock market filing.

  • Explore investment in Saudi Arabia: the new investment law

    The Investment Law is expected to come into force around 16 February 2025 (being 180 days after its publication in the Official Gazette) and will replace the Foreign Investment Law[2] (the “Foreign Investment Law”). Implementing Regulations that will set out further details relating to aspects of the Investment Law are expected to be published within 180 days after the publication of the Investment Law (the “Implementing Regulations”).

  • Saudi Arabia’s PIF is focused on the home advantage

    The value of Saudi Arabia’s sovereign wealth fund’s domestic assets under management have doubled year on year in further evidence of a strategy to focus investments in the kingdom. The AuM, referred to in the fund’s annual report as “Saudi sector development (SSD)” increased from 21 percent to 33 percent last year. The investments are focused on “establishing and promoting the growth of high-priority sectors in the Saudi economy”, the report stated.

  • Saudi Arabia unveils new agricultural investment opportunities in Makkah region

    The Ministry of Environment, Water, and Agriculture (MEWA) has announced four new investment opportunities to develop integrated agricultural cities and a specialized wild seedling facility in the Makkah region. This initiative aligns with MEWA’s broader strategy to enhance food security, promote sustainable agricultural practices, and drive sector growth.

  • Saudi Dallah Healthcare to acquire stakes in healthcare firms for $176mln

    Saudi Arabia's Dallah Healthcare, which had earlier this year signed MoUs to acquire stakes in two healthcare firms, has entered into a binding share purchase and subscription agreement with Ayyan Investment Co. to acquire its shares for approximately 660 million riyals ($176 million).

  • Saudi Arabia’s $1 Trillion Investment Plan Focuses On Clean Energy And Diversification – Report

    Saudi Arabia is set to embark on a $1 trillion investment drive across six strategic sectors by 2030, according to a report from Goldman Sachs Research. This ambitious plan, termed a “capex super-cycle,” will allocate approximately 73% of the investment to non-oil sectors, up from an earlier forecast of 66%.

  • Key Amendments to the Kingdom of Saudi Arabia Labour Law Announced

    The Council of Ministers in the Kingdom of Saudi Arabia (KSA) recently approved a number of amendments to the KSA Labour Law, which will come into effect six months from publication in the KSA Legal Gazette. The amendments to the Labour Law reference revisions to the Implementing Regulations, which also have yet to be published. This LawFlash considers how the key amendments will impact employers and employees once they come into force.

  • Saudi fund’s prudence pivot is only half complete

    The fund’s 2023 annual report, opens new tab, released on Monday, showed that assets under management rose almost a third last year to $766 billion, with 76% of the total haul invested at home compared with 68% in 2022 and 51% in 2021. The local proportion is probably even higher now, after Saudi transferred 8% of state oil giant Aramco to the PIF earlier this year, helping to swell the fund’s assets to $925 billion.

  • Saudi King Salman chairs cabinet meeting, state news agency says

    Saudi Arabia's King Salman bin Abdulaziz chaired a cabinet meeting on Tuesday, state media said, for the first time since a royal decree issued by him on Aug. 8 allowing the cabinet to convene in the absence of the king, crown prince or both. Crown Prince Mohammed Bin Salman chaired the Aug. 13 cabinet session.
    The 88-year-old king of the world's biggest oil exporter, a major U.S. ally in the Middle East, received medical care for lung inflammation in May. Prince Mohammed later postponed an official visit to Japan due to the king's health.

  • Michelle Nunn: The Challenges of Gaza’s Humanitarian Crisis

    If you are a humanitarian, one way to describe it is that humanitarians are not used to having a kind of wall around the place where they're trying to bring relief, right? Of course, there’s humanitarian access issues in Syria and Yemen, but there is literally a corridor with a very small entry point in which only a small amount of aid can enter. Sometimes you can't get through your tent, or sometimes you can't get through your walkie-talkies, or all manner of things that are considered at different points to be “dual usage.” In other words, people are fearful that they will be utilized for terror. This is a particularly difficult gauntlet for humanitarians to grapple with.